Sisters of the Holy Family

WILLS

Every adult needs a thoughtfully prepared will. A will is the only way you can direct who will receive your property when you die. Without a will, the State will distribute your property for you—according to its own laws and in ways which may violate your every wish.

Only by a will can you guarantee that the distribution of your property will be a lasting expression of your particular life.Only by your will can you name an executor of your choice to carry out the directions of your will.

Your will is one of the most important documents you will ever sign. In your will you can dispose of all the property you accumulated with a lifetime of effort, provide financial security for members of your family and benefit those causes you think are important.

Only by your will can you arrange to make a thoughtful bequest to the Sisters of the Holy Family.Your bequest may be expressed in these words:

“I hereby give and bequeath to the Sisters of the Holy Family, 159 Washington Blvd., Fremont, California, 94539, a religious corporation under the laws of the State of California, the sum of $ _______ (or other designated property or portion of your estate).”

You may set up in your will—or during your lifetime—basic types of charitable remainder trusts which will provide major tax benefits for you.The annuity trust provides a specific dollar amount (at least 5% of the value of the property you decide to place in the trust) be paid to a beneficiary you name.This amount remains the same each year for the life of the trust.The charitable remainder unitrust provides a specific percentage of the value of the trust assets (at least 5%) be paid to the beneficiary you name.If the value of the trust increases, the amount will also increase.If you name the remainder beneficiary, the Sisters receive nothing until the individual benefits terminate at the death of the individual beneficiary.Then everything left in the trust passes to the Sisters of the Holy Family.

GIFTS By A CODICIL to Your WILL

In the event that you have already made a will, you want to keep it up-to-date.From time to time, however, changes may have to be made.To make a small change, you may need only a “codicil.”This will retain all of the provisions of your existing will, except those provisions modified by the codicil.To make major changes, your attorney may suggest a new will.Either way, your will or your codicil should be drafted by your attorney.

A codicil can be a simple amendment which can contain a one-paragraph statement:

“I give and bequeath to the Sisters of the HolyFamily, 159 Washington Blvd., Fremont, California, 94539, a religious corporation under the laws of the State of California, the sum of $ _______(or other designated property of your estate).”

You may wish to designate that the residue or portion of the residue of your estate be given to the Sisters of the Holy Family and you should consult your tax advisor concerning the tax benefits of a charitable bequest to the Sisters.